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    OFF-MARKET
    Auto shops

    1200 Un St, Monroe, MI 48161-4043

    1,200 SF 0.5 ac lot
    Individually Owned 3-yr Hold Free & Clear
    Property ID
    US43-0745433
    Property summary
    AI-generated overview

    This exceptional commercial property, located at 1200 Union St, Monroe, MI 48161, presents a unique investment opportunity. The property encompasses a total of 3,500 square feet, distributed across two buildings on a half-acre lot. Built in 2020, the main building offers spacious and adaptable office space, perfect for a variety of business needs. The second building provides ample space for storage, distribution, light industrial manufacturing, or other uses. The property's permitted zoning is Commercial/Light Industrial, allowing for diverse operational possibilities. Previously used as a tow yard, the property's versatile design lends itself to numerous applications, including but not limited to: light industrial operations, manufacturing, auto repair, distribution, storage, and general office space. The property's location within the city limits of Monroe offers convenient access to transportation and essential amenities. The asking price for this ready-to-customize property is $350,000. Showings are available starting September 15th, 2024. This is a chance to acquire a prime commercial location with significant potential for growth and return on investment. The property is currently vacant, allowing for immediate occupancy and customization to suit your specific business requirements.

    Property profile
    Verified
    Property type Auto shops
    Use group AUTO REPAIR, GARAGE
    Total area 1,200 SF
    Lot 0.5 ac (21,780 SF)
    APN 12-020-413-00
    UPID US43-0745433
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • A1 Recovery & Towing Auto Repair Shop
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Jeffrey D Pitock · 3 yrs held
    Jeffrey D Pitock
    since 2023
    Last sale
    $80,000
    2 recorded transactions
    2023
    $80,000
    2014
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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